# Unum Ventures

Unum Ventures is a Venture Capital based in Portland, United States.

## Overview

- **Organization type:** Venture Capital
- **Headquarters:** Portland, United States
- **Region:** North America
- **Address:** 2211 Congress Street, Portland, ME 04122, United States
- **Founded:** 1946
- **Assets under management:** 1.37B (Altss estimate)
- **Website:** www.unum.com
- **LinkedIn:** https://www.linkedin.com/company/unum

## Regulatory record

- **Reports private funds:** No

## About

Unum Ventures operates as the corporate venture capital arm of Unum Group. The associated Unum Provident Corporation Pension Plan was established in 1946 as a noncontributory defined-benefit plan. The arm targets early-stage and growth investments in health technology, insurtech, and financial wellness. Confirmed holdings include Nayya, Pumpspotting, and Jukebox Health. It has recorded exits in Northstar and LeaveLogic. Activity centers on the United States with additional operations in the United Kingdom, Poland, and Ireland. The pension plan reports $1.37 billion in assets. Unum Group maintains a foundation that distributed an estimated $14.7 million in recent grants focused on health and education. July 2024: Unum Ventures participated as a panelist at the FamTech and Pumpspotting event in Portland, Maine. The structure links a corporate pension plan directly to a dedicated venture program. This creates an internal mandate for mission-aligned investments in employee-relevant sectors without external LP commitments.

## Sectors

- Insurance
- FinTech
- HealthTech
- InsurTech

## People

- Jim Hettenbach — Head of Unum Ventures
- Justin Young — Assistant Vice President at Unum Ventures

## Questions

### Who runs investment decisions at Unum Ventures?

Jim Hettenbach serves as Head of Unum Ventures. Justin Young acts as Assistant Vice President and maintains board ties to the Maine Venture Fund.

### Does Unum Ventures participate in fund commitments or only direct deals?

The arm executes direct investments and limited-partner positions in early-stage companies. Holdings are recorded through Unum Ventures as the investing entity.

### What investment stages does Unum Ventures typically target?

The program focuses on early-stage startups and growth companies. Strategy tags list seed, startup, and expansion coverage.

### How is Unum Ventures related to Unum Group?

Unum Ventures functions as the corporate venture capital and innovation arm of Unum Group, the parent insurance company.

## Related profiles

- [Berry College Endowment](https://altss.com/profile/berry-college-endowment)
- [Wichita Retirement Systems](https://altss.com/profile/wichita-retirement-systems)

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Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/unum-ventures

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